Bonava: Michael Björklund Joins Bonava’s Executive Management

Michael Björklund has been appointed as the new Business Unit President
of Bonava (STO:BONAVAA) (STO:BONAVAB) in St. Petersburg and will join
Bonava’s Executive Management.

“Michael Björklund has extensive industry experience and is highly
familiar with Bonava in St. Petersburg. I am convinced that he will
continue to contribute to Bonava’s performance moving forward,” says
Joachim Hallengren, President and CEO of Bonava.

Michael Björklund has worked at Bonava since 2011 and his positions have
included Head of Marketing in St. Petersburg, Business Unit President of
Bonava in the Baltic region and Head of Bonava Sweden’s single family
housing. Prior to this, he held various senior roles in the private
sector and has been active in Russia since 2003. Michael Björklund will
continue to serve in his role as Business Unit President of Bonava in
the Baltic region and will take up his new position with immediate
effect.

Juuso Hietanen, previously Business Unit President of Bonava St.
Petersburg and Bonava Finland, will remain in his role of Business Unit
President of Bonava Finland and will retain his position as a member of
the Executive Management.

Bonava is a leading residential development company in Northern Europe.
Born out of NCC, Bonava has been creating homes and neighbourhoods since
the 1930’s. Today Bonava has 1,400 employees and operates in Sweden,
Finland, Denmark, Norway, Germany, St. Petersburg, Estonia and Latvia
with sales of SEK 13 billion. Bonava’s shares are listed on Nasdaq
Stockholm. For more information about us: bonava.com.

This information is information that Bonava AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation and the Securities
Markets Act. The information was submitted for publication, through the
agency of the contact person set out above, on 6 October 2016, at 10.00
a.m. CET.